Today, on the trading day of June 28, two stocks were listed on the market. In this, the shares of Dodla Diary were listed on the National Stock Exchange (NSE) at a price of Rs 550 per share at a premium of Rs 122 i.e. 28.50 percent against the IPO price of Rs 428 per share. The market capitalization of Dodla Dairy on listing was more than Rs 3 thousand crores. Its stock was listed on BSE at a premium of 23.26 per cent i.e. Rs 528, Rs 100 more than the IPO price. The Rs 520 IPO of Dodla Dairy was subscribed 45.61 times.
Apart from Dodla Dairy, one more stock got listed in the market today. Shares of Krishna Institute of Medical Sciences (KIMS) also made a strong start. Its shares were listed at a price of Rs 1008 per share at a premium of 22 per cent to Rs 183.9 over the IPO price of Rs 825 per share. Its market capitalization on listing stood at Rs 8074 crore. The company had presented an IPO offer of Rs 2143 crore. Its IPO was subscribed 3.876 times.
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Dodla Dairy has business abroad including five states
Dodla Dairy’s business is spread over Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra. In these five states, its products are sold under the names of Dodla Dairy, Dodla and KCplus. Apart from this, it has a presence outside India in Uganda and Kenya through brands like Dodla Dairy, Dairy Top and Dodla Plus. The revenue of Dodla Dairy comes from the sale of milk and milk products. The research team of Angel Broking and Ventura Securities had given subscribe rating to its IPO while HDFC Securities and JST Investments had no rating.
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KIMS is the highest revenue hospital chain in Telangana and Andhra
KIMS is a leading healthcare group in Andhra Pradesh and Telangana. KIMS operates 3064 bedded Mau Multi-Specialty Hospitals out of which more than 2500 beds are operational. It provides healthcare services to 25 specialties and super specialties. According to ICICI Direct, the revenue of KIMS in FY21 was Rs 1340.1 crore and EBITDA of Rs 381 crore, which was the highest among any hospital chain in Andhra Pradesh and Telangana. ICICI Direct gave it a subscribe rating. Apart from KIMS, hospital chains like Apollo, Fortis Healthcare, Aster DM Healthcare are listed on the stock exchange.
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